Infosys Public Services, a subsidiary of technology firm Infosys Ltd. (INFY), has recently boosted the biggest U.S. public health plan with a new format of billing and payment solution.
The L.A. Health Care Plan offers healthcare services to more than 1.6 million individuals residing in the U.S. Infosys Public Services has modernized the L.A. Health Care Plan with an innovative solution, thereby supporting healthcare services for an additional 24000 individuals of the country. In order to make the experience easy for users, the company has implemented the Benaissance Exchange Point financial management platform.
Furthermore, in order to encourage smooth exchange of data, the company has upgraded the conventional riZetto QNXT application of the L.A. Care. The innovative solutions by the company would support the interests of the Affordable Care Act and assist in providing superior-quality subsidized health services to all members.
The initiative, coming in the wake of Infosys’ social awareness, would augment its brand value in the global technology industry. Economic growth can be triggered by improvement in national income, but wholesome economic development can only be achieved with growth in both income and social welfare. Health being a social good of an economy, equal access to healthcare is a right of all the nationals in a country.
In the last four trailing quarters, Infosys has generated an average earnings surprise of 8.08%. With such socially responsible tasks, the company is strengthening its expertise in health plan and health insurance trade. Henceforth, we believe that that the company would perform better than the broader market in then upcoming quarter, and fortify investors’ sentiments.
With a market capitalization of $38.31 billion, Infosys currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Unisys Corp. (UIS), Apple Inc. (AAPL) and Adobe Systems Inc. (ADBE). All the three stocks currently carry a Zacks Rank #2 (Buy).
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